Christopher Bilotto Buys 20,000 Shares of Diversified Healthcare Trust (NASDAQ:DHC) Stock

Diversified Healthcare Trust (NASDAQ:DHC) CEO Christopher Bilotto bought 20,000 shares of Diversified Healthcare Trust stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of $4.89 per share, for a total transaction of $97,800.00. Following the completion of the transaction, the chief executive officer owned 266,285 shares of the company’s stock, valued at approximately $1,302,133.65. This represents a 8.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Diversified Healthcare Trust Price Performance

DHC opened at $4.97 on Thursday. Diversified Healthcare Trust has a twelve month low of $2.00 and a twelve month high of $5.04. The company has a current ratio of 16.89, a quick ratio of 16.89 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -3.40 and a beta of 2.39. The company has a fifty day simple moving average of $4.50 and a 200 day simple moving average of $4.02.

Diversified Healthcare Trust (NASDAQ:DHC) last announced its earnings results on Monday, June 2nd. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter. Diversified Healthcare Trust had a negative return on equity of 18.90% and a negative net margin of 22.90%.The business had revenue of $370.78 million for the quarter.

Diversified Healthcare Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. Diversified Healthcare Trust’s dividend payout ratio (DPR) is presently -2.74%.

Hedge Funds Weigh In On Diversified Healthcare Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park West Asset Management LLC acquired a new stake in shares of Diversified Healthcare Trust in the 1st quarter worth approximately $8,583,000. Carronade Capital Management LP lifted its position in Diversified Healthcare Trust by 181.9% in the third quarter. Carronade Capital Management LP now owns 4,561,748 shares of the real estate investment trust’s stock worth $20,117,000 after purchasing an additional 2,943,300 shares during the period. Goldman Sachs Group Inc. boosted its stake in Diversified Healthcare Trust by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,862,334 shares of the real estate investment trust’s stock valued at $9,270,000 after purchasing an additional 2,370,459 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in shares of Diversified Healthcare Trust during the 3rd quarter valued at $6,383,000. Finally, Bank of America Corp DE raised its stake in shares of Diversified Healthcare Trust by 486.4% in the 3rd quarter. Bank of America Corp DE now owns 1,031,323 shares of the real estate investment trust’s stock worth $4,548,000 after buying an additional 855,447 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHC has been the subject of several research reports. Royal Bank Of Canada raised shares of Diversified Healthcare Trust from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $3.00 to $5.00 in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Diversified Healthcare Trust in a research report on Wednesday, October 8th. Finally, B. Riley restated a “buy” rating and set a $6.50 price objective (up previously from $5.50) on shares of Diversified Healthcare Trust in a research report on Monday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.75.

About Diversified Healthcare Trust

Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants.